UPS rises after raising annual profit, revenue forecasts
27/10/2026 15:01
BUZZ-UPS rises after raising annual profit, revenue forecasts Updates
** Shares of delivery giant United Parcel Service UPS.N up ~3% at $103.2
** Co raises FY forecast, as higher-paying international air shipments aided margin following its decision to cut millions of lower-margin deliveries for its largest customer, Amazon.com AMZN.O
** Expects FY26 adjusted profit per share of ~$7.28, compared with $7.22 it had forecast in July
** Sees annual revenue of $92.6 billion, compared with its previous projection of $91.2 billion
** Median PT of 30 brokerages covering the stock is $115 - data compiled by LSEG
** Including session's moves, stock up 4% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))
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UPS rises after raising annual profit, revenue forecasts